GD Midea profit
By Cherry Cao |
January 6, 2011, Thursday
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Print Edition
Print Edition
WHITE goods manufacturer GD Midea Holdings Co yesterday said net profit may surge up to 100 percent to 3.8 billion yuan (US$573 million) last year because of fast expanding sales of air-conditioners, refrigerators and washing machines.
Net income could range between 2.8 billion yuan and 3.8 billion yuan for 2010, an increase of 50-100 percent from 2009, the company said in a statement.
Net income could range between 2.8 billion yuan and 3.8 billion yuan for 2010, an increase of 50-100 percent from 2009, the company said in a statement.
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